Monday, August 8

Wall Street continues to rise due to the results of big technology


Wall Street continues to rise thanks to the momentum of the results of the large technological listed companies, better than expected by the consensus of analysts.

The Dow Jones y el S&P 500, the main references of the New York Stock Exchange, opened this Wednesday with slight gains of 0.1 percent.

Is he Nasdaq, an indicator of the technology sector, began the session with the highest rise, 0.5 percent, and seeks to exceed the historical highs in the 15,694 points that it reached the previous day.

Alphabet and Microsoft soar

On Tuesday night, two large companies in the technology sector presented their quarterly accounts, Alphabet, matrix of Google, and Microsoft. Both were above expectations.

Alphabet made an income over $ 65 billion thanks to the better figures in the advertising section, one of the points that investors are looking at with a magnifying glass this quarter. The shares rise more than 2 percent in the session following the presentation of the accounts.

Microsoft, meanwhile, rises 3 percent after exceeding forecasts. “Positive figures that are based on the strong evolution of the cloud business”, they explain in Bankinter.

Twitter, on the contrary, it plummets 8 percent this Wednesday after its results did disappoint the market by falling below expectations, especially due to a lower-than-expected growth in the number of users.

This Thursday will arrive another batch of results from the main technologies, with Amazon and Apple as the main protagonists of the day.

Farms and oil companies fall hard

In the pharmaceutical sector, Pfizer and Moderna They fall 1 percent this Wednesday correct after US and European regulators gave the green light to the booster dose in adults, which left strong increases for companies.

Now they correct, while Pfizer tries to get the go-ahead for a third injection in minors.

Among the shares of oil companies there are also strong declines due to the decline in Texas crude oil (WTI) that fell 1.6 percent at the opening of the market to 83 dollars.

Thus, listed as Devon o Phillips66, some of the largest in the sector, suffer losses of more than 2 percent.



www.finanzas.com